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sdrealtor
ParticipantNot sure what you like but Western North Carolina out by Asheville/Lake Lure is beautiful and meets many of your criteria in the US
February 1, 2007 at 9:53 PM in reply to: January Sales look strong some places and not so strong others #44646ParticipantLindi,
Here are some countywide numbers (looks like there is a corrected figure for Jan 2006). I also threw in some numbers to show you what happened during the peak off the frenzy in Spring 2004. Bear in mind that January 2004 sales actually went into escrow in Nov/Dec 2003 before things really got nuts!Avg price per sq ft January 2004 – $302 (avg = 1973 sq ft)
Avg price per sq ft April 2004 – $321 (avg = 2001 sq ft)
Avg price per sq ft June 2004 – $342 (avg = 2003 sq ft)Avg price per sq ft January 2005 – $352 (avg = 1958 sq ft)
Avg price per sq ft January 2006 – $362 (avg = 2019 sq ft)
Avg price per sq ft January 2007 – $344 (avg = 2040 sq ft)
In both cases the avg house was comparable in size (2000 to 2050)
February 1, 2007 at 9:39 PM in reply to: January Sales look strong some places and not so strong others #44645Participant92037
24 Detached sales in Jan 2006
Avg price per sq ft was $646 for 2486 sq ft home13 detached sales so far for Jan 2007
Avg price per sq ft was $801 for 3221 sq ft homeLa Jolla is a tough one because of the uniqueness of each home in so many respects (size, design, view, location etc.). The mix of homes can lead to HUGE swings. With that said volume is waaaaaaay down.
92109
5 Detached sales in Jan 2006
Avg price per sq ft was $578 for 1078 sq ft home7 detached sales so far for Jan 2007
Avg price per sq ft was $580 for 1446 sq ft homeNot enough data to say much of anything.
February 1, 2007 at 9:30 PM in reply to: January Sales look strong some places and not so strong others #44643ParticipantAN,
My pleasure.92121 (3 sales last year, 2 this year) Not enough data and avg home size to different to interpret anything meaningful
92126 (volume down, hard to tell what’s happened with price)
19 Detached sales in Jan 2006
Avg price per sq ft was $365 for 1372 sq ft home25 detached sales so far for Jan 2007
Avg price per sq ft was $332 for 1461 sq ft home (bigger homes sell for less per sq ft so decline overstated)92129 (volume down, price down 7%)
27 Detached sales in Jan 2006
Avg price per sq ft was $318 for 2180 sq ft home19 detached sales so far for Jan 2007
Avg price per sq ft was $296 for 2176 sq ft home92130 (The big hurt! Volume down, price down 16%)
32 Detached sales in Jan 2006
Avg price per sq ft was $394 for 3258 sq ft home27 detached sales so far for Jan 2007
Avg price per sq ft was $340 for 3203 sq ft homeParticipantPC,
Good advice but skip the tankless water heater. Just spoke with a very good plumber/friend with a client who is buying a custom home near the beach and he recommended against one.
SDRFebruary 1, 2007 at 3:17 PM in reply to: Sdrealtor, what are your thoughts on cash-back at closing? #44627ParticipantIf it walks like a duck……..
If the bank is lending you X dollars, they are doing so based upon a set of assumptions which generally dont include a $200,000 rebate to a buyer. I’m not a scheme kind of a guy and dont really know enough details to say whether its legal or not. But I wouldn’t do it myself or for a client.
February 1, 2007 at 10:09 AM in reply to: January Sales look strong some places and not so strong others #44593ParticipantEveryone,
I will do my best to get to everyone’s requests today but am very busy with RE matters as well as the opening of a new unrelated business venture in a couple weeks. It might not be until later tonite.Glad you find the information useful. it’s my pleasure to share.
SDR
January 31, 2007 at 11:27 PM in reply to: January Sales look strong some places and not so strong others #44576ParticipantSD R,
I agree. The big question is how much more is coming on the market and what will sellers do when they realize that the comps are lower limiting the price they can get an appraisal for even if they found a buyer willing to pay a higher price.SDR
January 31, 2007 at 9:44 PM in reply to: January Sales look strong some places and not so strong others #44571ParticipantSantee
18 Detached sales in Jan 2006
Avg price per sq ft was $322 for 1551 sq ft home17 detached sales so far for Jan 2006 (expect a few more to show up)
Avg price per sq ft was $300 for 1487 sq ft home (smaller houses typically sell for higher price per sq ft due to fixed costs so the decline is actually more than it appears)January 31, 2007 at 8:56 PM in reply to: January Sales look strong some places and not so strong others #44566ParticipantHere are some countywide numbers
Avg price per sq ft January 2006 – $385
Avg price per sq ft January 2007 – $344
In both cases the avg house was comparable in size (2000 to 2050)
January 31, 2007 at 7:34 PM in reply to: January Sales look strong some places and not so strong others #44562ParticipantWhen I checked at category of homes I am looking at right now for a client here is what I found. I looked at houses built since 1998 with 2800 to 3500 sq ft. It was a pretty small sample for both years both the results are probably fairly indicative here.
Jan 2006 – avg price per sq ft about $315 and nothing under $300.
Jan 2007 – avg price per sq ft about $285 and nothing over $300.
This was easy for me to answer as I had already included this in my research. I’ll have to get back to you on the countywide data.
January 31, 2007 at 4:47 PM in reply to: January Sales look strong some places and not so strong others #44550ParticipantCorrection:
South Carlsbad had 25 resales detached homes close in January 2006. In January 2007 we already have 26 and with todays EOM closings combined with late reporters volume should be up at least 25% over last year.
ParticipantConcho,
Of course they wouldnt. The point is that the prudent people that have lived here more than a few years will be fine what ever happens and will be able to afford to move up, move down or move across if they want to. Young couples with decent jobs will also be able to afford places worth living in soon (within 2 or 3 years) also.ParticipantYou are looking at National News not local news. Locally we still have a ways to go but the extent of the damage wont be the depths of despair many around here are hoping for IMHO.
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